MORE vs SATA
MORESATA
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In summary
Generated from the terms, not an opinionAll 2 pay a variable rate.
All are cumulative: unpaid dividends accrue.
MORE pays weekly, SATA pays each business day.
They are issued by different companies (Smarter Web Company PLC, Strive, Inc.), so their claims rank against different balance sheets.
They are denominated in different currencies (GBP, USD); figures are shown without FX conversion.
At the latest closes, effective yields were MORE 13.56%, SATA 13.27%, and prices stood at −11.50% vs par for MORE, −2.02% vs par for SATA.
Effective yield, six months
MORESATABitcoin, right axisTerms, aligned
Rows above the line move with price| Term | MORE Smarter Web Company PLC | SATA Strive, Inc. |
|---|---|---|
| Last close | £88.50 | $97.98 |
| vs par | −11.50% | −2.02% |
| Effective yield | 13.56% | 13.27% |
| Stated rate | 12.00%, variable | 13.00%, variable |
| Rate mechanism | Set by issuer | Issuer may adjust the monthly rate at its sole discretion with notice before the period starts. Cuts limited to 25bp plus the decline in monthly SOFR over the prior period, may not go below monthly SOFR, and are only allowed if all accumulated dividends are paid and the prior period's average price is >= $99 (and, for the first 3 months, a 20-day average above $100). |
| Cumulative | Yes | Yes |
| Frequency | weekly | each business day |
| Next payment | — | 30 Nov 2026 |
| Rank within issuer | 1 (1 = most senior preferred) | 1 (1 = most senior preferred) |
| Redemption | Company has a redemption right; terms unverified (see prospectus). | Optional redemption of all or part at $110 (or higher at issuer's discretion) plus accumulated dividends, any time after listing; partial only if >= $50m stated amount stays outstanding. Also clean-up (<25%) and tax redemptions at liquidation preference. |
| Conversion | None | None |
| Listing, currency | LSE, GBP | Nasdaq, USD |
| Terms as of | 14 Oct 2026 | 13 Oct 2026 |